Tryko Partners Acquires Fountain View At Logan Square Senior Housing In Philadelphia For $55.6M

Located at 2 Franklin Town Blvd in Philadelphia, Pennsylvania, the property involved in this transaction is a senior housing facility. The asset, known as Fountain View at Logan Square, is a 24-story senior living building. Tryko Partners, a prominent buyer in the real estate market, has acquired the property from Ventas, the seller.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $55,600,000
• Address: 2 Franklin Town Blvd, Philadelphia, PA
• Market: Philadelphia, PA
• Square Footage: 420,200
• Price Per Square Foot: $132
• Buyer: Tryko Partners
• Seller: Ventas

Tryko Partners, the buyer in this transaction, is making a significant investment in the property. They plan to undertake a $25 million renovation of Fountain View at Logan Square, aiming to enhance the senior living experience for residents. This renovation project highlights Tryko Partners' commitment to improving the quality of senior housing in Philadelphia.